DAX has potential for further upside!

Type:

Bullish Bounce

Resistance: 15452.26

Support: 14989.07

Pivot: 15247.08

Preference:

Price is consolidating in a parallel channel. We see a potential entry at our Pivot in line with 100% Fibonacci extension and a climb towards our area of 1st resistance at 15452.26 in line with 100% Fibonacci extension, 78.6% and 61.8% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 14989.07 which is a graphical swing low.